Royal Dutch Shell Group .com
ROYAL DUTCH SHELL PLC NEWS HEADLINES
FOR DECEMBER 2005
Toronto
Star: Royal Dutch Shell eyes Canadian minority buyout: Offer could be worth $7
billion: Saturday 31 December 2005:
READ
Business
Times Malaysia: Joint venture field delivers first gas: "SHELL Malaysia and
Petronas Carigali Sdn Bhd have achieved a major milestone with the delivery of
first gas from their jointly-operated new Shallow Clastics satellite field.:
December 31 2005:
READ
Rediff
(India): Shell suspends Hazira operations: Saturday 31 December 2005:
READ
The
Times: 'The year has not panned out as well as it might at several of my little
jobs': “FEBRUARY:
My old friend Philip
Watts is still being blamed for some trifling errors at Shell. A few oilfields
are misplaced and the stock market overreacts in its usual, tiresome way. It is
only the fifth such warning, after all." : “NOVEMBER: My good friend
Philip Watts has been cleared of all wrongdoing by the Financial Services
Authority, and one must rejoice. The outcome was predictable from the start.
When has the FSA ever successfully taken on anyone so senior?
Their job is to go after minor
fraudsters and insider traders, not to interfere in the boardroom.”:
Saturday December 31, 2005:
READ
(IN OTHER WORDS SIR PHILIP
WATTS IS A MAJOR FRAUDSTER)
The
Times: Knighthood for oilman who took a gamble: “BILL GAMMELL, the Scottish
entrepreneur who turned Cairn Energy into a FTSE 100 giant after a gamble on an
Indian oilfield, is knighted in the New Year’s Honours List.”: “His
decision to stick with an exploration prospect in northwestern India that had
been
discarded by Shell paid
off with a string of oil discoveries.”: Saturday 31 December 2005:
READ
THE WALL
STREET JOURNAL: PAGE ONE: Jeroen van der Veer, chief executive of Royal Dutch
Shell PLC, says natural gas now accounts for 40% of Shell's hydrocarbon output
and is rising. "In a decade, we will be close to being 50-50," he says. "One
day, the question will be whether we should be [called] an oil-and-gas company
or a gas-and-oil company.": Saturday 31 December 2005:
READ
Financial Times: How Ukraine will fare
without Russia's gas: “Q Why is Russia threatening to turn off gas supplies to
Ukraine?”: Saturday 31 December 2005:
READ
The New
York Times: Venezuela Reaches Deal With Spain's Repsol: Posted Saturday 31
December 2005:
READ
AFX Europe (Focus);
Shell, CNOOC complete 4.3 bln usd China petrochem project: Posted 31 December
2005: READ
Business Wire: Shell
Deer Park Considers $200 Million Expansion to Produce Additional Gasoline, an
Industrialinfo.com News Alert: Posted 31 December 2005:
READ
Globe and Mail (Canada):
Shell gains on buyout speculation:
Posted Saturday, 31 December 2005:
READ
Daily Mail: Shell
mulls a move on Texan giant: “ROYAL Dutch Shell is one of several companies
mulling a bid for a Texas gas group that could cost $1bn ($600m) according to US
reports.”: Friday 30 December 2005:
READ
Financial Times:
FSA fines grow in size but decline in numbers: “Royal
Dutch Shell suffered the largest fine of 2004 - £17m - in the wake of scandal
over its oil and gas reserves misstatement.”: “This year the regulator
has faced questions, caused by the Royal Dutch Shell case, about its ability to
pin the blame on high-profile individuals. The FSA said in November that it
would not take any action against Sir Philip Watts, former chairman of the oil
group, or any other executives, but that
it stood by the fine imposed on the company itself.”: Friday 30 December
2005: READ
THE WALL STREET
JOURNAL: Demand for natural gas ignites shares of Woodside Petroleum: "High
oil prices mean that Shell has plenty of cash to do a deal. But a new Woodside
takeover costing around A$30 billion is considered unlikely.": Friday 30
December 2005:
READ
THE WALL STREET
JOURNAL: From Nikkei: Japan Oil Firms Getting Into Gas-to-Liquid Fuels: "Showa
Shell has procured 2,000kl of the kerosene alternative from a Malaysian GTL
plant of Royal Dutch/Shell Group.": Friday 30 December 2005:
READ
Daily Telegraph:
City sandwich: “Royal Dutch Shell: Jorma Ollia, chairman and chief executive of
Nokia, takes over from Aad Jacobs as chairman.”: Friday 30 December 2005:
READ
TheEdgeDaily.com:
Shell M'sia Petronas Carigali field delivers first gas: “Shell Malaysia and
Petronas Carigali Sdn Bhd's jointly operated new Shallow Clastics satellite
field off Sarawak, has delivered the first gas ahead of schedule.”: “Shell
Malaysia chairman Datuk Jon Chadwick said this milestone was an important
contribution to delivering Shell Malaysia's objective of more integrated gas.”:
Friday 30 December 2005:
READ
Daily
Telegraph: Petrol retailers call for shortages 'tsar': Friday 30 December 2005:
READ
AFX Asia (Focus):
Vandals set fire to oil pipeline in Nigeria: “The news comes barely a week after
a pipeline belonging to the Anglo-Dutch oil giant Shell exploded near the
southern oil city of Port Harcourt.”: Thursday December 29, 2005:
READ
The
Times: Surge in demand leaves fire-hit fuel stations running on empty: “A
spokesman for Shell said: “There are some shortages at stations in south-east
England and into the Midlands. It is connected to Buncefield.”: Thursday 29
December 2005:
READ
The
Times: Rumour of the day: “Northern Petroleum…”: Thursday 29 December 2005:
READ
Lloyds
List: A whale of a year for offshore energy: “In Nigeria, Shell finally got its
Bonga FPSO project under way with first oil in late November from a technically
challenging project.”: Dec 29, 2005:
READ
The New
York Times: Oil Rises Ahead of Supply Data, OPEC: "Crude supply concerns eased
this week after Royal Dutch Shell said it had managed to restore most of its
production in Nigeria after pipeline attacks a week ago.": Posted Thursday 29
December 2005:
READ
Lloyds
List: Optimistic hopes tempered by politics and bureaucracy: “…Venezuela is
still looking to unlock its energy reserves after PDVSA ended an agreement with
Shell to develop a $2.7bn project in Mariscal Sucre.”: Thursday December 29,
2005:
READ
AFX UK
(Focus): Northern Petroleum unit to develop 3 more wells in Netherlands: “…NP
Netherlands BV, is to exercise its exploration rights over three oil and gas
wells in the Netherlands under an agreement it has with Nederlandse Aardolie
Maatschappij BV (NAM). NAM is a company jointly owned by Royal Dutch Shell and
ExxonMobil Corp.”: Thursday Dec 29, 2005:
READ
Forbes/AFX
News Limited: Shell still losing 15,000 barrels/day after Nigeria pipeline
explosion: Posted Thursday 29 December 2005:
READ
Lloyds
List: Petronet prepares to tie up Gorgan deal: “The Australian company would
arrange for the supply of LNG through a consortium, in which the stakeholders
are Chevron, ExxonMobil and Shell.”: Wednesday December 28, 2005:
READ
Kyodo News Service: (Kyodo) -
Brazil's state-run oil monopoly Petroleo Brasileiro S.A. (Petrobras) has taken a
major step toward its strategic goal of achieving leadership in the energy
sector in Latin America.”: “The oil corporation has signed three share purchase
agreements for the acquisition of Shell's businesses in Colombia, Paraguay and
Uruguay.”: Wednesday Dec 28, 2005:
READ
Financial Times: Giant orange gas flares mean lost opportunities for Nigeria: “The
giant orange flares that burn across the delta region, where most of Nigeria's
oil is produced, cause respiratory diseases and premature deaths, and pollute
croplands close to village homes in the delta's vast network of swamps and
creeks.”: “Citing funding problems,
Shell has pushed back its flaring
elimination date to 2009. But last month, a Nigerian judge ruled in
favour of a local delta community that challenged the company's right to flare
gas nearby.”: “Meanwhile, Shell has
challenged the judgment and continues to flare.”: Wed 28 Dec 2005:
READ
Irish
Times: Major escalation in opposition to gas pipeline threatened: “Shell to Sea
campaigners claim that activists from all over Ireland will flock to their
Solidarity Camp at Rossport, Co Mayo in early spring to help local people resist
attempts by Shell E&P Ireland contractors to force the controversial pipeline
through the area.”: Posted Wednesday 28 December 2005:
READ
Irish
Times: Shell rejects sections of review of Corrib safety as unlikely: “Shell E&P
Ireland has rejected some of the findings of the Government's safety review of
the Corrib gas onshore pipeline…”: “…it takes issue with a number of points made
by the consultants, including the
possible emergence of the contaminant hydrogen sulphide (H2S) or "sour"
gas in the Corrib system.”: “…which can have
similar impacts on cellular respiration
to carbon monoxide or hydrogen cyanide.”: “…the Erris Inshore Fishermen's
Association… says the study
confirms its suspicion that Shell
"cannot or will not implement the project in an open and transparent way":
Posted Wednesday 28 December 2005:
READ
The
Independent: Warmer US weather leads to fall in oil prices: “Oil prices were
also undermined as Royal Dutch Shell said it had restored most of its production
in Nigeria after attacks on two pipelines last week triggered a huge blaze and
oil slick. Shell said it was losing only 15,000 barrels per day of output on
Monday, down from 180,000 bpd earlier.”:
READ
Published: Wednesday 28 December 2005
Daily
Telegraph: Pumps run dry as blast takes its toll: “Shell was one of the worst
hit yesterday, with some garages in the midlands and south-east running out.”:
READ
Wednesday 28 December 2005
News 24.com (South Africa): Shell cleans up crude oil spill:
READ
Posted 28/12/2005
CNN NEWS: Oil company battles fires on Nigerian pipeline:
READ
Posted Wednesday 28 December 2005
Financial Times: Oil falls as mild weather tempers
US demand:
“Crude prices fell on Tuesday as mild weather
continued to dominate in the US, while Shell announced it had secured much of
the 180,000 barrels-a-day production lost following last week’s attack on a
Nigerian pipeline.”:
READ
Tuesday 27 December 2005:
THE NORWAY POST: Shell to increase activity on
Norwegian Shelf:
READ
Tuesday 27 December 2005:
Vanguard
(Nigeria): NNPC, JV partners plot improved security in Niger Delta:
READ
Tuesday 27
December 2005:
Houston Chronicle: Shell Says Brazil Oil Sites Are Viable:
READ
27 December 2005:
BARRON'S ONLINE:
Hot as Ever: READ
Monday
26 December 2005:
BARRON'S ONLINE:
Bullish and Fully Fueled:
READ
Monday
26 December 2005:
Reuters: Outage
from Nigeria pipeline blast now at 35,000 bpd: “The outage had previously
amounted to 180,000 bpd after unknown gunmen attacked two pipelines on Dec. 20,
killing 11 people and setting off a huge blaze and oil slick.”: "Most
of the delta's estimated 20 million inhabitants live in extreme poverty
alongside an industry that has generated billions of petrodollars for foreign
oil firms and the faraway Nigerian government, seen as corrupt and oppressive.":
Monday 26 December 2005:
READ
AME
Info, United Arab Emirates: Shell applies technology to reduce environmental
impact of oil industry: Monday 26 December 2005:
READ
Borneo
Bulletin: Search Op ongoing: "The operation is being carried out by Brunei Shell
Company rescue teams, navy, police marine and the public...": Monday 26 December
2005: READ
Daily Telegraph:
Shell's LPG auction fails to generate much heat: “Shell declined to comment that
interest for the LPG business had been below the levels the firm was looking
for.”:
READ
Monday
26 December 2005
Mail & Guardian
Online (Nigeria): Shell resumes limited operations in Nigeria: “Shell said on
Saturday it has resumed limited operations in southern Nigeria after the
explosion of a pipeline but warned it is still not in a position to honour its
commitments to clients.”:
READ
Christmas Day, 25 December 2005
BBC News:
Contempt case for Shell over gas: "The oil multinational Shell is facing
contempt of court proceedings in Nigeria over gas flaring.":
READ
Sat 24
Dec 2005
Reuters: Shell Nigeria
reopens one of two attacked pipelines:
READ
Sat Dec 24, 2005 2:56 PM GMT
Irish
Times: An Taisce wants review of pipeline location “An Taisce has called on
Minister for Marine Noel Dempsey to conduct a review of the proposed location
for Shell's onshore gas terminal in north Mayo in the light of a recent
Government consultancy study of the controversial onshore pipeline.”: Saturday
Dec 24, 2005:
READ
THE WALL
STREET JOURNAL/BARRON'S ONLINE: Looking to Angola for Deep Returns: "Given both
the technical challenges of West African development (primarily deepwater) and
the inherent geopolitical instability (ask any of Shell's or Chevron's employees
in the Nigeria Delta region), is West Africa worth the risk?": Posted Saturday
24 December 2005:
READ
AP
Worldstream: Next Iraqi government must tackle question of who controls Iraqi
oil to draw investment: “…security fears could make it tough for the government
to draw in companies such as BP PLC, Exxon Mobil Corp. and Royal Dutch Shell
PLC…”: “The nation's proven oil reserves, estimated at about 110 billion
barrels, are the world's third largest after Saudi Arabia and Canada.”: Saturday
Dec 24, 2005:
READ
Irish
Times: The year my life changed: “The five Co Mayo men were jailed in June for
contempt of court over their opposition to the construction by Shell of the
underground Corrib gas pipeline.”: Saturday December 24, 2005:
READ
The
Times: BP doubles corporate ad budget in $150m bid for greener image: “While
Shell and Chevron have been keen to promote their images in the UK, their
advertising and sponsorship spend in the UK has been far less than that of BP,
according to the research. This year, Shell spent an estimated £2.7 million…”:
Saturday December 24, 2005:
READ
Petroleum News: EnCana on full spin cycle: "And, in the thick of all this,
rumors persist that it remains in the crosshairs of such global giants as
Chevron and Royal Dutch Shell.": Saturday 24 December 2005:
READ
The Tide
(Nigeria): Shell loses 540,000 barrels in three days: Posted Saturday 24
December 2005:
READ
Petroleum News: California beckons for Enbridge: That deal came on the heels of
BP acquiring sole ownership of the Olympic system by taking over the 40 percent
holding of Royal Dutch Shell.:
READ
PakTribune.com (Pakistan): Petroleum exploration licence for Offshore to Shell
joint venture grants: Saturday December 24, 2005:
READ
Petroleum News: Mackenzie hearings ready to hit the road: "The Mackenzie
proponents — Imperial Oil, Shell Canada, ConocoPhillips Canada, ExxonMobil
Canada and the Aboriginal Pipeline Group — will also come under intense scrutiny
over the fiscal terms they are able to negotiate with the Canadian government.":
Sat 24 Dec 2005:
Read
Petroleum News: LNG terminal gets FERC go-ahead: "Besides Woodside, the partners
are subsidiaries of BHP Billiton, BP, Chevron and Shell, plus Japan Australia
LNG (Mitsui and Mitsubishi).": Saturday 24 December 2005:
READ
Los Angeles
Times: Shell project puts focus on oil shale: Friday, December 23, 2005:
READ
The Scotsman:
Shell seen clinching loan for Sakhalin: Friday 23 December 2005:
READ
BBC Monitoring
Service: Shell joint venture upbeat on Siberian oil field results: 23 December
2005:
READ
People’s Daily
Online (China): Shell forced to halt oil exports in Nigeria after attack: Friday
23 December 2005:
READ
THIS DAY ONLINE
(Nigeria): Shell: Federal Government Under-Funds Gas Flare-Out Projects: Friday
23 December 2005:
READ
BLOOMBERG: Shell
Sells Fuels Units to Petrobras and Chile's Enap (Update2): Friday 23 December
2005:
READ
PR Web.com: El
Paso Settlement Payment Two Years Late, Shell-Chevron Cause Delay: Friday 23
December 2005:
READ
Times Online:
"Royal Dutch Shell, the Anglo-Dutch oil group, agreed to sell its service
stations and other businesses in Uruguay, Paraguay and Colombia to Petrobras...":
December 23, 2005:
READ
AFX Europe
(Focus): Repsol YPF presents solo bid for Shell's LPG ops valued at 2.5 bln eur
– report: Friday Dec 23, 2005:
READ
Financial Times: Replacing replacement: Posted 23 December 2005:
READ
Forbes/AFX News
Limited: Shell declares force majeure in Nigeria as pipeline fire continues:
“The fire, which followed an explosion early this week, cut the Anglo-Dutch
group's production in Nigeria by 180,000 barrels per day.”: Thursday 22 December
2005: READ
The New York Times: Qatar Finds a Currency of Its Own: Natural Gas: "Andrew
Brown, Shell's country manager in Qatar, said that greater natural gas and oil
production should result in overall daily energy production equivalent to about
5 million barrels of oil a day by early in the next decade, nearly half the
daily oil output of Saudi Arabia.": Thursday 22 December 2005:
READ
THE WALL
STREET JOURNAL: Qatar awards LNG contract: "The other will be managed by
QatarGas IV, which is owned by Qatar and Royal Dutch Shell PLC. The QatarGas
project so far has five such LNG trains.": Thursday 22 December 2005:
READ
The New York
Times: Oil Prices Settle at $58.56 Per Barrel: Oil prices also were lifted by
uncertainty about whether Royal Dutch Shell PLC will declare a force majeure on
its light, sweet crude exports from Nigeria after attackers set off dynamite at
a pipeline Tuesday. Nigeria is Africa's largest oil exporter. ''We have to look
at the extent of the damage and if it's significant enough to affect the
quantity that can be exported, then we will consider the options,'' Shell
spokesman Donald Boham said Wednesday.: Posted Thursday 22 December 2005:
READ
The
Guardian: BP sells Russian assets for $1bn: "There is controversy over drilling
near Sakhalin, an island off Russia's east coast, since Shell started developing
an offshore field there close to where whales feed.": Thursday 22 Dec 2005:
READ
Daily Independent
(Nigeria): Shell shuts Bonny flow station: “Three more bodies were on Wednesday
recovered from the site of an exploded oil pipeline in Port Harcourt, bringing
the number of casualties to 11 in the fire incident ravaging up to 21 villages.
The pipeline belongs to Shell”: Thursday 22 December 2005:
READ
Malaysia
Star: Chip card payment at Shell stations in force next year: "SHELL Malaysia
expects the rollout of credit card payment system using the chip card at its
stations to be completed by next year, said chairman Datuk Jon Chadwick.":
"Asked if the company would be doing any exploration in the coming year, he
said: “We've had a very successful year.
Yes, we will be doing exploration next year. We need reserves.": Thursday
22 December 2005: READ
Lloyds List:
Shell gas project will need $3bn fleet of mammoth LNG carriers: “SHELL has
unveiled a major liquefied natural gas project in Qatar which could require a
$3bn fleet of the largest vessels ever built in this sector.”: Thursday December
22, 2005: READ
The New York
Times: Shell Signs Gas Field Development Deal: Posted Thursday 22 December 2005:
READ
Reuters:
Shell Nigeria
pipeline still blazing, output down: "Oil workers in boats and a
helicopter circled a huge pipeline blaze in remote southern Nigeria on
Wednesday, surveying the damage caused by a suspected dynamite attack that
killed at least eight people.": "The fire is still blazing. It's as high as a
10-storey building. There is thick black smoke billowing," a Reuters witness
said.": 21 Dec 2005:
READ
AP Worldstream:
Crude prices flat ahead of key market data from U.S.: “Overnight, crude prices
were slightly buoyed after news that unknown assailants had blown up a Royal
Dutch Shell pipeline in Nigeria on Tuesday, killing at least eight people and
knocking 170,000 barrels of crude offline.”: Wednesday December 21, 2005:
READ
Daily Telegraph:
Wanted: western top guns to tame the Russian oil frontier: "Since Vladimir Putin
seems keen to recruit well-connected Westerners such as Gerhard Schroder and
Donald Evans to run his oil companies, here are some suggestions:
Top of the list is Sir Philip Watts.
This former Shell chairman could doubtless boost the size of Russian reserves...":
Wednesday 21 December 2005:
READ
Financial Times: CNPC, ONGC link in Syria: “The 38 per cent stake in the Royal
Dutch Shell-controlled Al Furat Production Company was sold by Petro-Canada, one
of Canada's largest energy groups, for C$676m (US$576m)…”: Wednesday 21 December
2005: READ
THE WALL
STREET JOURNAL: India, China Win On Venture's Bid For Syria Oil Stake: "...about
half of Syria's total oil output, are operated by Syria's state-owned Syria
Petroleum Co., with Royal Dutch Shell PLC also holding interests.": Wednesday 21
December 2005:
READ
San Jose
Mercury News: Shell refinery still dealing with cleanup: “The Shell Martinez
Refinery continues to grapple with the fallout from a November oil leak that
sprayed hundreds of cars and homes, with cleanup costs likely to run into the
millions and investigations by several other agencies under way.”: “More than
2,300 cars and 400 homes have been cleaned, said Steve Lesher, Shell's public
affairs manager.”: Wednesday 21 December 2005:
READ
The
Scotsman: Oil giants review North Sea investment: “Oil & gas industry workers
union Amicus has already written to energy minister Malcolm Wicks to request
action against Shell…”: Wednesday 21 December 2005:
READ
The
Independent: Oil giants accused over Alaskan gas: “The soaring price of oil this
summer provoked outrage among consumers and led to hearings on Capitol Hill over
whether energy companies including Exxon, BP and Shell were profiteering.”:
Wednesday 21 December 2005:
READ
The
Guardian: Climate of fear: “Shell was taken to the courts for continuing
gas-flaring on the Niger delta.”: Wednesday December 21, 2005:
READ
Kommersant: Western banks join environmental protection campaigns: “Shell failed
to fulfill even its own environmental standards...”: Wednesday 21 December 2005:
READ
The New York Times: Oil Pipeline Blast in Nigeria
Kills Eight: Posted Wednesday 21 December 2005:
READ
ShareCast.com: Shell closes Nigerian
oilfields: "Royal Dutch Shell has closed two oilfields in Nigeria following an
attack by gunmen on an oil pipeline it operates, it said today.": Tuesday 20
December 2005: READ
Forbes/AFX News Limited:
Blast at Royal
Dutch Shell oil pipeline in Nigeria kills 8
– report: “The blast occurred
after an attack on the pipeline by an unidentified group of armed men in Port
Harcourt, in the Niger river delta,
the report said. Royal Dutch Shell has shut down production at two oil fields,
the news agency said. Tuesday 20 December 2005:
READ
Daily Telegraph: With oil prices and
output fuelling the share price, BG Group is worth exploring: "...given the
company's relatively small size, the shares are often boosted by the possibility
of a takeover by the likes of BP or Shell.": Tuesday 20 December 2005:
READ
Reuters: Shell Canada adds to Alberta,
B.C. land position: “Shell Canada Ltd paid more than C$185 million ($158
million) for acreage at recent government land sales to bolster its natural gas
drilling and oil sands prospects, the company said on Monday.”: Posted Tuesday
20 December 2005: READ
Friends of the Earth: Court Orders Companies to Stop
Gas Flaring in Nigeria : Posted 20 December 2005:
READ
Denver Post: Oil shale may be fool's gold: "... if it
turns out that Shell needs more energy to produce a barrel of oil than a barrel
contains, bets are off. That's the equivalent of burning the furniture to keep
the house warm": Tuesday 20 December 2005:
READ
Ireland On-Line: Pipeline protesters seek alternative
presents: “They are some of items needed by the Rossport Solidarity Camp which
last summer saw protesters from around the world gather to support locals in the
fight against the oil giant’s construction of the pipeline.”: “Supporters can
buy a greetings card that depicts the pipeline on eBay, after campaigners put
the illegally installed section of pipe up for internet auction.”: Tuesday 20
December 2005: READ
San Antonio Express: Still in recovery: Gulf
oil production off 28%, and gas off 20% as huge repair job continues: “Shell
expects production from the platform to resume in the second half of next year,
according to a release on its Web site.”: Tuesday 20 December 2005:
READ
Daily Telegraph: Only
thing changing at Unilever is its shares: Unilever to keep dual structure: “Oh
dear. Rather like Royal Dutch Shell 18 months ago, Unilever's self-satisfied
management team just do not get it.”: Tuesday 20 December 2005:
READ
The Times: Compare like
with like and BG offers investors good value: "Takeover speculation, much
discussed but scantly evidenced, partly explains the BG share-price premium.":
Tuesday 20 December 2005:
READ
The Times: Unilever to
keep dual listings: “Unilever, the consumer goods giant, will not follow the
example set by Royal Dutch Shell, its Anglo-Dutch cousin, after it said that it
would keep its dual listings.”: “Mr Burgmans chaired the review team, which
included Jeroen van der Veer, the Shell chief executive, who is on Unilever’s
board.”: Tuesday 20 December 2005:
READ
Reuters: Shell strikes oil again in Brunei's Seria
field: “Search for deepwater oil has been halted since 2003 after a territorial
dispute with Malaysia.”: Posted 20 December 2005:
READ
This Day Online
(Nigeria): Shell Faces Contempt Charge on Gas Flaring: “So soon after its fraud
over Nigerian reserves, it’s astonishing that Shell has not complied with this
court order preventing it from continuing gross violations of human rights. Its
behaviour seriously undermines respect for the rule of law that its operations
depend on,”: Posted Monday 19 December 2005:
READ
Forbes/AFX News
Limited: Shell says will continue to invest heavily in North Sea despite tax
hike: Monday 19 December 2005:
READ
THE WALL STREET JOURNAL/BARRON'S ONLINE:
Conoco Scorned Could Be a Steal: "It's possible Conoco itself could attract
interest from one of the globe's super-major oil companies, including BP, Royal
Dutch Shell or Total. Conoco's market value is $81 billion, but BP and Royal
Dutch are valued at over $200 billion. "The cheapest energy assets in the world
are located in Houston [Conoco's home base]," Marcin says. "Investment bankers
around the globe all realize that.": Monday 19 December 2005:
READ
The Scotsman:
Shell seeks more gas from deepwater Egypt area: "Royal
Dutch Shell said on Sunday it had found up to 1 trillion cubic feet (tcf) of gas
so far in a deepwater concession in Egypt, but a rig shortage had delayed
further exploration drilling to mid-2006.": Posted Monday 19 December
2005: READ
The Sunday Times:
Hopes of Western Isles bonanza as Shell starts searching for oil: "IT IS one of
Britain’s most depressed and hostile environments, but the Western Isles could
be on the brink of an economic boom after one of the world’s biggest energy
firms signalled plans to begin test drilling for oil off the coast of Lewis.":
December 18, 2005: READ
The Sunday Times:
Skill shortages hit quest for extra energy supplies: "Drilling rigs are in short
supply, as are trained oilfield workers. This is why fully one-quarter of the $4
billion increase in Shell’s outlays will go to cover the higher prices of the
labour and supplies it needs to punch holes in the deserts and ocean beds that
contain the new reserves it so badly needs.": Sunday December 18, 2005:
READ
The Business
Online: Shell blames Brown for its new North Sea cuts: "Shell has interests in
about 50 oil and gas platforms in the North Sea and owns 21 outright. It has not
ruled out more cuts.": Sunday December 18, 2005:
READ
The Scotsman:
Shell 'should be forced to give up
drilling rights': "ENERGY minister Malcolm Wicks is facing demands to
force Shell to give up North Sea acreage, following revelations that the oil
giant will slash its UK drilling programme on the back of the Chancellor's
latest tax raid on oil company profits. ": Sunday 18 December 2005:
READ
Times of Oman: Shell celebrates completion
of social investment projects: “During the event, Shell also launched its gift
to the nation to mark the Sultanate’s 35th National Day, pledging $10 million
for the establishment of a new fund to support the development of small and
medium-sized enterprises (SMEs) in Oman.”: Sunday 18 December 2005:
READ
Hindu
Business Line (India): Coal gasification projects — ONGC may rope in Shell as
joint venture partner: “ONGC sources told Business Line on Saturday that the
company was trying to get Shell as a joint venture partner to prevent the
possibilities of use of the coveted Shell technology by any other company in
India.”: Posted Sunday 18 December 2005:
READ
BBC NEWS: Shell
cuts North Sea exploration: Oil giant Shell has cut its plans for North Sea
exploration, blaming Chancellor Gordon Brown's tax hikes for the move. Posted
Sunday 18 December 05: READ
The Scotsman:
Shell in North Sea cuts after tax hike: "ENERGY giant Shell has slashed
investment in its future North Sea drilling programmes by a third - less than
two weeks after Chancellor Gordon Brown levied his controversial tax hike on
fuel production.": Saturday 17 December 2005:
READ
Gulf Times: Shell
will settle rest of buyout: The proposed buyout price of 52.21 euros a share,
which Royal Dutch Petroleum shareholders approved at an extraordinary
shareholders meeting in The Hague yesterday, is still subject to arbitration by
the Court of Appeals in Amsterdam sometime next year, Shell said in a
statement.”: “The court is expected to rule on the case later in 2006.”:
Published: Saturday, 17 December, 2005, 09:18 AM Doha Time:
READ
THE WALL
STREET JOURNAL: The Week in Review: "Big Oil Goes Hunting": "Possible bidders
include Royal Dutch Shell, Total and industry leader Exxon Mobil.": Saturday 17
December 2005: READ
Business News Americas: Shell faces
US$590,000 fine for pipeline leak – Chile: “The SEC based its decision to
enforce the fine on the discovery that the pipeline was not properly maintained
or inspected, and also lacked proper protection against external corrosion, the
paper reported.”: Posted Saturday 17 2005:
READ
NewRatings: BG Early Trinidad Start Contrasts With Shell: “BG's (BRG) early
start in new Trinidad plant contrasts with project delays faced by Royal Dutch
Shell (RDSB.LN), says Numis.”: Posted Saturday 17 December 2005:
READ
Business
News Americas: Shell eyes Orinoco belt crude upgrader, natgas E&P licenses –
Venezuela: “Anglo-Dutch oil major Shell is discussing with the Venezuelan
government the possibility of developing a project to upgrade extra-heavy crude
from the Orinoco oil belt, Shell Venezuela president Sean Rooney told BNamericas.”:
Posted Saturday 17 December 2005:
READ
Oil & Gas Journal: Sakhalin II Phase 2
clears EDRB hurdle: “EDRB's fit-for-purpose declaration allows the start of a
120-day period of public disclosure of and consultation on the project's
environmental, social, health, and safety issues and mitigation documentation.”:
Posted Saturday 17 December 2005:
READ
The New York Times: India Blocks ONGC in
Nigeria, Clears Brazil Effort: "Exxon's partners in BC-10 are Royal Dutch Shell
and Brazilian state company Petrobras. Block operator Shell aimed to declare it
commercially viable this year.": Posted Sat 17 Dec 2005:
READ
Friends of the Earth: Shell accused of
contempt of court over continued illegal gas flaring: “The ruling recognizes
that gas flaring is a serious human rights violation”; Friday December 16, 2005:
READ
Green Consumer Guide: Rare whales face oil
project threat: “It is a scandal that UK taxpayers' money is being earmarked for
a scheme that will lead to a massive increase in climate changing gases and
which could push the Western Gray Whale into extinction. The EBRD should
completely review its funding policies. Public money should be spent on projects
that will protect the environment - not ones that destroy it.": Friday 16
December 2005: READ
World Wildlife Fund: Too little too late for
Shell’s Sakhalin project: Posted Friday 16 December 2005:
READ
Daily Telegraph: Face of the day: "Van der
Veer, the chief executive of Royal Dutch Petroleum, faces an egm in Amsterdam
today where he hopes to clinch the £130billion merger of Royal Dutch Petroleum
with Shell Transport and Trading.": Friday 16 December 2005:
READ
Business News Americas: Shell to maintain
Urdaneta production at 50kb/d under new JV – Venezuela: “Shell sees a smooth
transition from its status as operator to one of minority partner…”: Friday
December 16, 2005: READ
New Zealand Herald: Court dismisses Todd
challenge over Pohokura: “Todd and Shell are currently joint operators of the
field through a 50:50 venture, Shell Todd Oil Services (STOS) -- a partnership
dating back to 1955.”: Posted Friday 16 December 2005:
READ
Financial Times: Oil majors to accept
Venezuela’s new terms: “Rafael Ramirez, Venezuela’s energy minister, said in an
interview with the FT that companies, including the Anglo-Dutch Royal Dutch
Shell, BP of the UK, France’s Total, and ExxonMobil and Chevron of the US, had
agreed to give Pdvsa, Venezuela’s state-owned oil company, majority ownership of
their concessions and sign new contracts that will subject them to higher
taxes.”: Posted Friday 16 December 2005:
READ
ShellNews.net: Shell insider view on
Sakhalin II loan news from the European Bank for Reconstruction and Development:
"In spite of Shell's attempts to
spin this announcement, this does not mean that the project has been given a
clean bill of health.": Thursday
15 December 2005: 12.15 EST:
READ
Accountancy Age:
Shell loses UK
investor court battle: “Royal Dutch Shell could be landed with as much as a
£500m payout to minority shareholders, after a court ruled that it
offered to buy back shares at too low a price.”: 15 Dec 2005:
READ
Daily Telegraph:
Shell's merger offer ruled unfair:
“Shell's attempt to squeeze out minority
holders in Royal Dutch Petroleum (RDP)
will cost the oil and gas giant as much
as €675m (£458m), after it
lost a court case brought by a British hedge fund in the Netherlands.”: “On Tuesday, a
judge ruled Shell's offer was too low, throwing the terms of the deal
into turmoil.”: "This
is David versus King Kong. It's a great result for minority
share-holders.": "This decision puts the
issues of those who accepted Shell's offer firmly back on the table. We are
going back to the lawyers on behalf of the investors and we have been in contact
with Shell.": Thursday 15 December 2005:
READ
The
Moscow Times: EBRD to Consult Public on Sakhalin: “The
European Bank for Reconstruction and Development will put off its decision on
whether to support the $20 billion Russian natural gas venture led by Royal
Dutch Shell for another four months, the bank's chairman said Wednesday.
"We are going to launch public consultation ... this process will take 120
days,": "Today the EBRD has risked
putting its reputation beyond repair by pronouncing that Sakhalin II is fit for
purpose even though key aspects of the project are beyond repair. ...120 days of
consultations will make little difference to the huge fundamental violations
that Shell has committed already.": Thursday 15 December 2005:
READ
The Guardian: Shell gas and hot air:
This project appears to have unstoppable momentum, despite the bank's president,
Jean Lemierre, insisting yesterday that the 120-day consultation process is
robust and genuine.”: “…Shell is
frantic to bump up its reserves, having "lost" 25% last year.:”:
“Oil companies might become extinct when the oil and gas runs out mid-century,
but Western Pacific whales could be gone a lot sooner.”:
Thursday 15 December 2005:
READ
AFX Europe (Focus): EBRD to consult public
over investment in Sakhalin energy project: “The EBRD, headquartered in London,
said that consultations would focus on the environmental, social, health and
safety aspects of the Sakhalin II project…”: Thursday December 15, 2005:
READ
Financial Times: EBRD clears way for
Shell's Sakhalin-2: “Jean Lemierre, EBRD president, stressed that the bank had
not made a decision to finance the project. However, environment lobby groups
were incensed about the move, accusing the bank of "caving in to Shell
pressure": Thursday 15 December 2005:
READ
Financial Times: BANK PRESIDENT COUNTS COST
OF REMARKS IN CONFERENCE CALL: “Jean Lemierre, president of the EBRD, yesterday
stoked controversy over the cost of Sakhalin-2…”: “On a conference call to
journalists, Mr Lemierre said: "The total cost of the project is estimated, not
by me but by the company, to be more than $20bn [£11.3bn] - $20bn to $22bn,
according to the figures given by the consortium.": Thursday 15 December 2005:
READ
Financial Times: Back to basics: “Of
course, Shell has particular problems of its own after the scandal over its
inflated oil reserves and it is under heavy pressure to replenish and expand its
proved reserves.”: Thursday 15
December 2005: READ
ShellNews.net: Email
from former Shell Malaysia employee group: Thursday 15 Dec
2005: 00.05am:
READ
The Times: Oil rivals team up to bid for
Syria stake: "Oil and Natural Gas Corporation (ONGC) is teaming up with China
National Petroleum Corporation (CNPC) to buy PetroCanada’s 38 per cent interest
in Al Furat, which is controlled by Royal Dutch Shell and the state-owned Syrian
Petroleum Company.": Thursday 15 December 2005:
READ
The New York Times: Senate Democrats Again
Want Oil Execs: " Investigated: "The lawmakers accused the heads of Exxon Mobil
Corp., BP Plc's U.S. unit, ConocoPhillips, Chevron Corp and Shell Oil of lying
during a Senate hearing in November when they said their companies did not
participate in the energy task force headed by Vice President Dick Cheney.":
Posted Thursday 15 December 2005:
READ
Business Wire: Black & Veatch and
Shell Puget Sound Refinery Win Prestigious 2005 Best Project Award for Sulfur
Recovery Unit Expansion: “The project doubled the refinery's capacity to remove
sulfur and supports a process that results in sulfur being used in the creation
of fertilizer and sulfuric acid rather than being released in the atmosphere.”:
Posted Wednesday 15 December 2005:
READ
Virgin.net: Oil
project 'threatens Gray Whales': "The European Bank for Reconstruction and
Development (EBRD) has announced that the environmental impact assessment for
Shell's mammoth oil and gas project at Sakhalin Island in the Russian Far East
has been approved.": Posted Thursday 15 December 2005:
READ
Forbes/AFX News
Limited: Shell
says Sakhalin project wins favourable review from EBRD: “In a
statement, Shell said EBRD found the project's approach to environmental and
social issues management 'fit for purpose' following a three-year assessment.”:
Wednesday 14 December 2005:
READ
The Kansas City
Star: Shell Oil official clarifies remarks to Senate panel: "Boxer said
Hofmeister’s letter left her “more convinced” that there was a conscious effort
on Shell’s part to purposely reduce the supply of gasoline and increase gasoline
prices in California. “Enough is enough,” Boxer wrote. “We need to get at the
truth, and the only way to do that is to bring the oil company executives before
the committee under oath.” Shell said in a statement that it would evaluate any
request to call Hofmeister back to testify under oath.": Wed 14 December 2005:
READ
THE WALL STREET
JOURNAL: BREAKING VIEWS: Shell is
sprinting to stand still.: Wednesday 14 December 2005:
READ
THE WALL STREET
JOURNAL: Shell to Raise Spending, Due Partly to Inflation: "The Bonga deepwater
oil project off Nigeria, which started producing last month and is 55%-owned by
Shell, has seen costs spiral in less than two years to nearly $4 billion from an
initial $2.9 billion estimate.": Wednesday 14 December 2005:
READ
The Independent:
Shell ups the ante on capital spending: “There
is a big black cloud hanging over Shell's headquarters on London's South Bank
and it does not come from the Bunceford oil depot.”: Wednesday 14
December 2005: READ
The Independent:
'Elephant' hunting to cost Shell $19bn next year: “The company is only now
recovering from the reserves reporting scandal last year which
devastated its reputation, forced
the resignation of its three top executives and sparked regulatory
investigations on both sides of the Atlantic. It has also been hit recently by
huge cost increases on high-profile projects such as the Sakhalin-2 gas field
off Russia's east coast, where costs have doubled to $20bn; and
the Bonga field off the coast of
Nigeria, which could cost more than $5bn.”: Wednesday 14 December 2005:
READ
Daily Telegraph:
Shell pledges $19bn capital investment to boost reserves:
“Peter Hitchens, analyst at Teather &
Greenwood, said the statement contained "nothing to suggest the group will be
able to increase its growth prospects".: Wednesday 14 December 2005:
READ
The Times: Shell
lifts spending by $4bn as its infrastructure ages: "ROYAL DUTCH SHELL has been
forced to raise its spending by $4 billion (£2.25 billion) next year to cope
with soaring oil industry inflation, cost overruns on difficult projects and a
legacy of ageing infrastructure.": December 14, 2005:
READ
ShellNews.net:
The “GREAT CORRIB
GAS CONTROVERSY” may turn into a full blown scandal: “The CPI
report contained findings on health, safety and environmental implications
damaging to Shell’s case and with potentially equally damning political
implications for the Irish coalition government.”: Wednesday 14 December 2005:
04.22am EST: READ
The Guardian:
Protests increase over Shell pipeline: "Earlier this year the EBRD, which
has been asked to provide public money, deemed the scheme "unfit for
purpose" because safeguards had not been put in place covering various
issues. But a board meeting today
will decide whether to finally ditch the project or proceed with a 120-day
consultation of local people before making a final decision. ":
Wednesday 14 December 2005:
READ
World
Wildlife Fund: Shell oil platform in Russia's Far East driving whales
towards extinction: "Earlier this
year, Shell ignored the findings of an independent panel of distinguished
scientists that recommended against constructing a platform near the whale's
feeding area.": Wednesday 14 December 2005:
READ
REUTERS:
Environmentalists say Shell hits whale feeding: "Shell
has failed to meet even its own environmental standards on its projects,":
"We urge the bank to decline financing until Shell properly faces up to its
responsibilities," Wed 14 Dec 2005:
READ
DeHavilland
Information Services: Shell platform disrupting rare whale habitat: "The WWF
is now seeking to exert pressure on the EBRD over the environmental impact
of its loan. Mr Steele said: "We
urge the bank to decline financing until Shell properly faces up to its
responsibilities.": 14/12/2005:
READ
Financial
Times: Shell cites costs as it increases spending to $19bn: “The revised
budget reflects a number of cost overruns at Shell's largest projects. Its
Bonga field in Nigeria cost about $1bn more than expected to develop, while
the cost of the Sakhalin-2 project has doubled to $20bn.”: Wednesday 14
December 2005:
READ
Lloyds List:
Shell attempts to reorganise its reserves as year of massive investment
looms: Oil major announces strategy to cope with rising costs after troubles
of recent years, writes Tony Gray: Wednesday December 14, 2005:
READ
The New York
Times: Shell to Boost Capital Investment in 2006: "Rabo Securities analyst
Richard Brakenhoff called the increase ''spectacular,'' though he noted some
of it is due to rising costs at the Sakhalin project.": Posted Wednesday 14
Dec 2005: READ
Asia Pulse:
SHELL TO BUILD JOINT FILLING STATIONS IN CHINA'S CHONGQING”: This is part of
Shell's ambitious plan of bringing the number of its filling stations to
1,000 in China in next five years.”: Posted 14 December 2005:
READ
Financial Times: Chinese link with Indians to bid for oil field stake: "They
said the deal for the holding in the company, which is majority-owned by
Royal Dutch Shell, could be signed this week.": Wednesday 14 December 2005:
READ
Asia
Pulse: MITSUBISHI HEAVY SETS SIGHTS ON MIDEAST OIL EXPLORATION: “Forming a
technological tie-up with Royal Dutch/Shell Group in boosting the efficiency
of aging oil fields in the Middle East will open the way for Japan's
Mitsubishi Heavy Industries Ltd to make a foray into the oil exploration
business.”: “Royal Dutch/Shell will soon
begin research on the application of the technology to its oil fields in
such Persian Gulf nations as Qatar and Saudi Arabia.”:
Wednesday December 14, 2005:
READ
Irish Independent: McDowell and CPI: “The Centre for Public Inquiry has
produced two excellent reports on Trim Castle and the Shell gas pipe in
Rossport.”: “When is Bertie Ahern going to pluck up his courage and sack
Michael McDowell? Wednesday December 14, 2005:
READ
REUTERS:
Shell, hedge fund reach deal in
merger court case:
“Trafalgar Catalyst Fund and Trafalgar Volatility Fund agreed to withdraw
their claims, in return for Shell agreeing that an independent adviser would
review the cash prices it had decided to pay minority shareholders owning
the remaining 1.5 percent of Royal Dutch.”: Tuesday December 13, 2005 9:23
AM ET: READ
Financial Times: Shell plans Sakhalin expansion: Posted Tuesday 13 December
2005: READ
BLOOMBERG: Shell, Mitsubishi Heavy
to Study Raising Crude Oil Production: Tuesday 13 December 2005:
READ
REUTERS: UPDATE 1-Shell ups 2006 capex plan to $19 bln as costs soar:
Royal Dutch Shell Plc will have to
invest $4 billion more than previously planned in the coming year, as costs
soar and the firm tries to turn around its industry-lagging record on
finding oil. Tuesday 13 December 2005, 3:03am EST:
READ
BLOOMBERG: Shell's Spending on Drilling, Equipment to Rise to $19 Billion:
“Rising prices for labor and raw materials such as steel have sent
costs soaring
at projects including Shell's Sakhalin-2 venture. Its Bonga
offshore oil field in Nigeria started late and over budget.”: “Surging
prices caused costs for Shell's Sakhalin joint venture, which includes a
liquefied natural gas export terminal, to balloon to about $20 billion from
an original budget of $10 billion, Shell has said.
The overruns have prompted Russian
state- run gas company OAO Gazprom, which plans to buy a stake in the
venture by swapping other assets with Shell, to reevaluate the terms of the
transaction.”: Tuesday 13 December 2005:
READ
The
Guardian: ConocoPhillips in talks to buy Burlington for $30bn The
possibility of a new wave of massive mergers by cash-rich oil groups was
signalled yesterday...": "Today Shell will show its intention to spend more
of its cash mountain when it unveils plans to increase its annual capital
expenditure from $15bn to $20bn.": "Shell's Sakhalin gas project in eastern
Siberia has run wildly over-budget, as did its Bonga field in Nigeria, which
has just begun operating, one year late..." Tuesday 13 December 2005:
READ
THE
WALL STREET JOURNAL: Conoco Purchase May Start Spree Of Energy Deals: "As
for buyers, European energy giants Royal Dutch Shell PLC, Total SA and BG
Group PLC all could be hankering for an extra serving of North American gas
this holiday season, say energy-industry observers.": "...though Shell
executives have all but ruled out a $10 billion or larger acquisition,
saying it would be hard to find an attractive big target at today's
valuations.": Tuesday 13 December 2005:
READ
Daily Telegraph: Conoco in $30bn merger talks: “Energy companies are turning
to deals because exploration possibilities are becoming increasingly
limited.”: “Shell has been reported
to be running the slide rule over EnCana, the largest producer of natural
gas in the US and Canada.”: Tuesday 13 December 2005:
READ
The
Guardian: Oil industry defends its safety record: "Workers have been
evacuated from a series of platforms such as Marathon's Brae field one and
Shell's Cormorant and Dunlin platforms after gas leaks over the last 18
months.": Tuesday 13 December 2005:
READ
AFX
Europe (Focus): Total, Shell plan 200 mln eur wind power station off French
coast - report Posted 13 December, 2005:
READ
The
New York Times: Nigerians Try to ID Kin Killed in Crash: "The
other survivors have burns over as much as 40 percent of their bodies and
are being treated in a clinic run by the Shell oil company.": Posted
Tuesday 13 December 2005:
READ
Houston Chronicle: Breaux to Shell Employees: Time for
Industry Unity: "Shell's commitment to return to its New Orleans offices
early next year is a significant step in support of the city's recovery. I
applaud Shell for its commitment to come home.": Posted Tuesday 13 December
2005:
READ
REUTERS: Hedge
fund challenges Royal Dutch Shell in court: “The merger was aimed at
restoring confidence in Shell after a damaging reserve-overbooking scandal
last year which was partly blamed on the group's complicated dual management
and ownership.”: “Dutch corporate law experts said if the court ruled in
favour of Trafalgar,
Shell might be
forced to abandon the planned internal merger
and go for a Dutch statutory squeeze out to obtain the remaining minority
shares in Royal Dutch.”: Mon Dec 12, 2005:
READ
Accountancy Age: Shell in court over
improper behaviour claims: "Royal
Dutch Shell's plans to complete its corporate restructuring have been thrown
into jeopardy...":
Monday 12 December 2005:
READ
Daily Telegraph: Tough merger ahead for Shell:
"Shell is facing a court battle tomorrow in the Netherlands before
completing the controversial merger of Shell Transport & Trading with Royal
Dutch Petroleum.": "Yesterday
Shell confirmed that Trafalgar, a leading London-based hedge fund, is trying
to scupper the merger,
which should be approved at an extraordinary meeting this week.": Monday 12
December 2005: READ
The New York Times: ConocoPhillips May Buy Rival for $31
Billion: "The acquisition would give ConocoPhillips, the nation's
third-largest oil company, control of important natural-gas exploration
areas in the United States...": "Other major oil companies, including
ExxonMobil and Royal Dutch Shell, have been moving aggressively in recent
months to increase their own natural-gas production in this country.":
Monday 12 December 2005:
READ
THE WALL STREET JOURNAL: Conoco Nears
$30 Billion Deal For Gas Producer: "In recent months, Exxon Mobil, BP PLC and
Royal Dutch Shell PLC have increased their exploration for natural gas in North
America -- and particularly the continental U.S.": Monday 12 December 2005:
READ
The
New York Times: Iran Approves Its President's 4th Pick for Oil Post: "Iran
has been at odds with Royal Dutch Shell over the offshore Soroush and Nowruz
oil fields, which Shell developed with JJI of Japan and the Oil Industries
Engineering Company of Iran and has since handed back to Iran. When
technical problems forced the fields' temporary closure earlier this year,
Iran blamed Shell. It said some work was of poor quality and subcontractors
were not properly supervised.": Monday 12 December 2005:
READ
THE
WALL STREET JOURNAL: China, India Team Up In Bid for Syrian Oil: "China and
India are putting aside their differences to secure energy resources and are
going after an oil field together.": "Al Furat Petroleum is a joint venture
between Petro-Canada, Royal Dutch Shell's Syrian subsidiary and the
state-owned Syrian Petroleum Co.": Monday 12 December 2005:
READ
MehrNews.com
(Iran): Shell pays Iran $130m
compensation for its delays: “The Shell Oil Company has so far paid
Iran 130 million dollars as compensation for its delays and repair costs in
Sorush and Noruz oil fields.”: “The oil official had earlier said that, the
company’s recurrent delays during the project implementation had in addition
to reducing its 15 percent capital return share,
tarnished its reputation.”:
Monday 12 December 2005:
READ
Financial Times: UK warns on panic buying after oil blast: Posted Monday 12
December 2005:
READ
AFX
Asia (Focus): Malaysia's Dialog expects more contracts in oil, gas
construction – report: “The newspaper cited the company's chairman and
managing director, Ngau Boon Keat, as saying he expects Shell, ExxonMobil
and Petroliam Nasional Bhd to step up construction of petrochemical plants
and refineries in the near term to capitalize on rising oil prices.”: Monday
December 12, 2005: READ
The Sunday Times - Business:
Trafalgar battles in court for Shell's minority shareholders:
"A LEADING London-based hedge fund is planning to scupper Royal Dutch
Shell’s plans to complete its corporate restructuring this week.":
"Trafalgar claims Shell has behaved improperly in its conduct of the
merger...": "Trafalgar claims Shell acted “in violation of the system of law
... with the aim or consequence of squeezing out all minority
shareholders”.: Sunday December 11, 2005:
READ
BLOOMBERG:
Shell
Lacks Oil Sources, Merrill Says,
Telegraaf Reports: “Royal Dutch Shell Plc
isn't succeeding in finding enough new sources of oil,
according to Robin Batchelor, a fund manager at Merrill Lynch & Co., De
Telegraaf newspaper reported.”: "Batchelor, who heads the $3.7 billion World
Energy Fund, sold all of his shares in Shell last year after the company
overstated its oil reserves, the newspaper said.": "Batchelor said he isn't
planning on buying Shell stock ``anytime soon,'' the paper reported.":
Posted Sunday 11 December 2005:
READ
Gulf Times (Qatar): China may drill
field that Shell rejected: "Shell and Chevron each have a 45% stake in a
$4.5bn project to tap natural gas from 3,000 meters below sea level in the
same field off the Philippine island of Palawan.": Published: Sunday, 11
December, 2005: READ
The Asian Age India: As Shell picks
China, India Inc. stands united: “Dr Albert Bressand, vice-president, global
business environment, Royal Dutch Shell plc, was in Mumbai on Friday,
delivering Shell's "Global Scenarios to 2025”: Sunday 11 December 2005:
READ
Expressindia.com (India): India
moving closer to China: “Moreover, India’s growth rate is close to that of
China despite having a high disparity in savings. These were some of the
comparisons tossed up at a panel discussion at the Global Scenario 2025
organised here by Shell on Friday.”: Posted Sunday 11 December 2005:
READ
The Guardian: Major fuel depot
supplied two airports: "The depot itself first came into use in 1968 but for
the last 15 years has been run as a joint venture by oil giants Total and
Texaco. It is also used by the other leading petrol firms BP and Shell.":
Sunday December 11, 2005: READ
ShellNews.net:
ALMOST 2 YRS AFTER THE RESERVES FRAUD, SHELL’S REPUTATION IS STILL RANKED IN
THE CORPORATE GUTTER ALONGSIDE ENRON:
"Sir Philip must qualify as the worlds greatest conman
having pulled off a multi-billion dollar scam while retaining an $18 million
dollar payoff/pension pot":
(revised Sat 10
Dec 05):
READ
Petroleum News: Platts: Big oil
dominates global energy: "Royal
Dutch/Shell, which ranked first in last year’s survey, “has had a tough time
of it since,” Platts said, explaining that “a huge reserves overbooking
scandal, the firing of very senior officers, regulatory authority
investigations in three countries, criminal proceedings, and substantial
fines combined to spur a previously unthinkable radical organizational
shake-up.”: Saturday 10
December 2005: READ
Financial Times: Sibir shares hit record
high: "Sibir said the cash would help fund the development of its main
Siberian oil field, Salym, which is operated by Shell.": Saturday 10
December 2005: READ
THE WALL STREET JOURNAL: China and India
Team Up To Try to Buy Stake in Oil Field: "It is unclear whether the joint
China-India bid for a stake in the Syrian oil company will succeed. Al Furat
Petroleum Co. is a joint venture between Petro-Canada Royal Dutch Shell's
Syrian subsidiary and the state-owned Syrian Petroleum Company.": Posted
Saturday 10 December 2005:
READ
BBC Monitoring Service: Nigeria, US sign
security deal in oil rich region: “Shell, Chevron and Total are the
companies that suffered the production losses following the forced closure
of their facilities in the region”.: Saturday December 10, 2005:
READ
Petroleum News: Timor-Australia cut deal
on Sunrise gas: "Chevron has 50 percent of Gorgon, while Shell and
ExxonMobil own a quarter each. Shell has said its share of the production
will go to Sempra’s Baja California terminal.": Saturday 10 Dec 2005:
READ
Petroleum News: Cash flow bolsters
Canadian cap-ex: "One-fifth of Shell Canada’s capital budget, C$465 million,
will be spent on the first-stage expansion of the Athabasca oil sands
facility, operated 60 percent by Shell, with 20 percent held by both Chevron
Canada and Western Oil Sands.": Saturday 10 December 2005:
READ
The New York
Times: New Surveys Show That Big Business Has a P.R. Problem:
"This is a challenging time for big
corporations," said John D. Hofmeister, who runs the United States
operations of Shell Oil Company. The modern feeling, he said, is "big is
bad.": "But why the rampant distrust?": Friday 9 December 2005:
READ
Irish Times: Sides in gas dispute differ in their views of findings: “Shell
E&P Ireland has described as "detailed and thorough" the new safety review
of the Corrib gas onshore pipeline, while the Shell To Sea campaign has said
consultants failed to address the central issue of the high-pressure
pipeline's proximity to people's homes.”: Friday December 09, 2005:
READ
Irish Independent: New report expresses concern over safety of pipeline: “A
GOVERNMENT-backed report has raised serious concerns about the safety of the
controversial Corrib gasline.”: Friday December 09, 2005:
READ
Irish Times: Minister praises pipeline review as thorough: “The Minister
said the Shell to Sea campaign's contention that the report did not address
the issue of proximity of the high-pressure pipe to homes was a
"nonsense"…”: Friday Dec 09, 2005:
READ
Asia
Pulse: CHEVRON AUSTRALIA SELLS REMAINING SHARE OF GORGON GAS: “Shell has
also sold its share of the gas, signing a $US10 billion ($A13.40 billion)
deal to market its gas through its Baja California terminal, currently under
construction.”: Friday December 09, 2005:
READ
The
New York Times: Strangers in the Dazzling Night:
A Mix of Oil and Misery:
" The World Bank is helping build a gas pipeline that will connect Nigeria
to several of its coastal neighbors, creating a wider market in a
power-hungry region. But the effort is behind schedule.
Shell, Nigeria's biggest oil producer, has said
it will not meet the 2008 deadline.":
Friday 9 December 2005:
READ
The
New York Times: Tougher Year Lies Ahead for OPEC:
"...some major projects... have
experienced delays this year - among them... a 225,000-barrel-a-day project
managed by Royal Dutch Shell in Nigeria's offshore region that started
production last month.": Friday 9 December 2005:
READ
Financial Times: Soaring revenues push Middle Eastern producers to invest in
energy sectors: “International oil companies, such as Anglo-Dutch Royal
Dutch Shell and Total of France, will remain restricted to the less
profitable areas of refining and marketing and natural gas, especially while
high oil prices mean Saudi Arabia has little need of their deep pockets,
analysts say.”: Friday 9 December 2005:
READ
The
Daily Sentinel (Colorado): Shell’s dirty legacy leaves enviros leery: “There
were a lot of practices back then that were commonly used, including those
at the arsenal, that were not environmentally sound,” said Mike Gaughan,
spokesman for Shell Oil Company. “We know that today ... We know we created
problems out there, but we’re taking care of them.”: Posted Friday 9
December 2005: READ
Ireland On-Line: Experts want gas pressure
reduced on Corrib pipeline:
“Consultants assessing the risks of the controversial Corrib gas project in
Mayo have called for pressure in the onshore section of the pipe to be
restricted, it emerged today.”: Posted 9 December 2005:
READ
The
Independent: Half Gone: Oil, Gas, Hot Air And The Global Energy Crisis, by
Jeremy Leggett: A chilling reminder of the energy catastrophe that we are
facing: “This book by Jeremy Leggett, a former geologist for Shell,
chronicles how and why we have become so desperately dependent on "dirty"
energy…”: “Leggett switched sides in 1989 to become Greenpeace chief
scientist, and is now CEO of Solarcentury”: Posted Friday 9 December 2005:
READ
Lloyds List: Woodside's shares rocket as firm agrees north Asia LNG supply
deal: Tim Warren, chairman of the Shell Companies in Australia, said the
project still hinged on resolving regulatory and fiscal issues but remained
a priority amid strong demand for liquefied natural gas.”: Friday December
09, 2005: READ
AllAfrica.com:
Shell Fenceline Communities: Shell CEO Must Deliver On His Promises: “Shell
will be expected to deliver on its promises, particularly in projects under
development where crucial construction decisions will be made, such as those
in County Mayo, Ireland and Sakhalin Island. "Shell talks about its
philosophies, but philosophy doesn't fix pipelines and it doesn't cure
pollution-related illness": Posted Friday 9 December 2005:
READ
The
Times: Shell's sale faith: “Royal Dutch Shell expressed confidence in the
€2.5 billion (£1.7 billion) sales process for its liquefied petroleum gas
(LPG) unit, despite an exodus of bidders…”: Thursday December 08, 2005:
READ
Malaysia Star: Shell Aussie unit boosts exploration: “Royal Dutch Shell
Plc's Australian unit is boosting exploration as it seeks more large gas
finds that may yield new liquefied natural gas projects, said chairman Tim
Warren.”: Thursday 8 December 2005:
READ
RIGZONE: Shell Australia: China LNG Demand Slips on High Prices: “China has
been caught by surprise by rising liquefied natural gas prices, Royal Dutch
Shell PLC.'s Australian division chairman said Wednesday.”: Posted Thursday
8 December 2005: READ
Lloyds List: Broadwater
Project the facts: TransCanada and Shell are sponsors of the
Broadwater Project, which
visualises a floating liquefied natural gas terminal in Long Island Sound.”:
Thursday December 08, 2005:
READ
Lloyds List: Save the Sound worried about 'USS Cole-type incident' at site:
“The website also declares its opposition to
Broadwater in terms of the
'non-US' LNG supplies that would come in via ships, and declares that
'reliance on foreign energy sources is not a better idea than developing a
regional comprehensive energy plan'.: Thursday Dec 08, 2005:
READ
Lloyds List: New York LNG project faces uphill task to win hearts and minds:
A third of Long Island homes and half of those in New York City are heated
with natural gas. But opposition is building in the region to a liquefied
natural gas project that could fulfil a quarter of its supply. Rajesh Joshi
delves into 'not in my backyard’: "HILARY Rodham Clinton, the Democratic
Senator for New York and a touted presidential hopeful, declared in August
that 'she has already learned enough to determine that
Broadwater doesn't make sense
for Long Island'.": Thursday December 08, 2005:
READ
Lloyds List: Opportunity knocks as Chinese energy demand soars: An LNG deal
has shown how the wider insurance market can contribute to improved risk
management in China, writes Thomas Cheung: “The contract to transport the
gas was awarded to a joint venture company whose shareholders include China
Ocean Shipping, Shell, China Merchant Group and the China National Offshore
Oil Corp.”: Thursday December 08, 2005:
READ
The
Australian: Shell goes solo in NW Shelf sales pitch: Thursday 8 December
2005: READ
Shell Canada Press Release: Shell announces $250,000 for new Fort McMurray
recreational facility: Wednesday December 7, 2005:
READ
Western People: Shell to Sea re-affirms
absolute commitment to protecting environment: "In a statement issued last
week, the group said that pickets maintained by local concerned citizens at
Shell’s Bellanaboy site have been directed to ensuring that Shell did not
engage in any construction work which would facilitate the imposing of the
highly dangerous production pipeline through Rossport.": Wednesday 7
December 2005: READ
The Mayo News (Ireland): The Interview -
Maura Harrington: In the eye of a storm: One of the strongest and most
doggedly unrelenting voices in the Shell campaign has been Maura
Harrington’s: Wednesday 7 December 2005:
READ
Western People: Shell’s opponents say they have
been vindicated: “Opponents of Shell’s proposed onshore Corrib gas pipeline
say a report by the World Wildlife Fund has vindicated their stance.”:
Wednesday, December 07, 2005:
READ
Financial Times: Chancellor's tax rise
on oil profits has instant impact on groups: “The big integrated companies,
such as Royal Dutch Shell and BP, which rely on the North Sea for less of
their revenue stream, will see earnings per share fall between 1 per cent
and 3 per cent next year, Deutsche Bank analysts estimated.”: Wednesday 7
December 2005: READ
Reuters: Shell says heartened by
Australia, E.Timor gas deal: “An agreement between Australia and East Timor
on sharing revenues from the Greater Sunrise gas field was encouraging for
the project's development, Royal Dutch/Shell's Australian chairman said on
Wednesday.”: "Shell's Australian unit posted a 28 percent decline in annual
profit before interest and tax to A$587 million ($440 million) in calendar
2004...": Wednesday December 7 2005:
READ
CNW Group Press Release: Shell Global
Solutions: Shell Global Solutions Strengthens Presence in North America:
Posted Wednesday 7 December 2005:
READ
Lloyds List: Tax rises will hit
investment, oil bosses warn chancellor: “The
UK's largest companies, BP and Shell, plus a host of listed oil firms
including BG Group and Venture Production, will be hit hardest by the tax
rises from next year.”: Wednesday
December 07, 2005: READ
Financial Express (India): Investment in
energy must be secured, says Shell report: Wednesday, December 07, 2005:
READ
Royal Gazette (Bermuda): Shell may sell
local operations: “Shell is in exploratory talks with potential partners or
buyers of the oil giant’s marketing and distribution operations in
Bermuda.”: “At this stage some decisions have already been taken, for
example Shell is remaining in Chile, Argentina, Brazil and Central America
and divesting its fuels businesses in Venezuela, Peru and some of the
Caribbean Islands.”: Posted Wednesday 7 December 2005:
READ
THE EAST AFRICAN: Kenol takes over Shell
operations in Rwanda market: “Kenyan oil company, Kenol, has acquired
Shell's operations in Rwanda in a deal estimated to have cost Ksh850 million
($11.3 million).“: Posted Wednesday 7 December 2005:
READ
Gulf Times: Shell sees drop in Oman
production for a 5th year: Posted 7 December 2005:
READ
THE WALL
STREET JOURNAL: Corporate Reputation Survey:
"Companies with the best and worst
reputations"
PUBLIC
PERCEPTIONS:
Royal Dutch Shell - No 54 out of 60
SINCERITY
OF CORPORATE COMMUNICATIONS:
Lowest Percentage of Positive Ratings for Sincerity: Royal Dutch Shell -
Grouped with Tyco, Halliburton, Enron etc
CORPORATE
WEB SITE RECALL:
Under "Lowest Recall": Royal Dutch Shell grouped with MCl-WorldCom, Enron
etc
Tuesday 6 December 2005:
READ
THE WALL STREET JOURNAL: Word-of-Mouth Is Cheap,
But Valuable, Survey Finds: "Word-of-mouth
had similar impact on companies with the lowest reputations in the ranking.
It accounted for about a third of the future purchase decision in the case
of Royal Dutch Shell...:
Posted 6 December 2005:
READ
THE
WALL STREET JOURNAL:
Ranking Corporate Reputations:
Bottom 10 (Worst Reputations): At 54. Royal Dutch Shell: 55: Tyco
International: 57: Halliburton: 60: Enron: Tuesday 6 December
2005:
READ
THE WALL STREET JOURNAL: North Sea oil
producers face tax increase in U.K.: Many major oil companies, including BP
PLC and Royal Dutch Shell PLC, may have some insulation from the effect of
the tax increase, since their overall production is spread out over many
regions in the world.": Tuesday 6 December 2005:
READ
THE WALL STREET JOURNAL ONLINE:
Corporate Social Concerns: Are They Good Citizenship, Or a Rip-Off for
Investors?: "It is time to smash the
myth that fossil-fuel extraction benefits local populations. MNCs, like
Shell, Chevron, Exxon have been operating in resource rich (oil, timber,
minerals) countries for decades, yet large scale extraction projects are
strongly linked to higher poverty rates and increasing national debt that
robs key resources better used for education, health care, and building
local economies. Even the World Bank's Extractive Industry Review
recommended no more funding for fossil-fuel projects because it runs
directly counter to the goals of poverty alleviation. Look at Ecuador, look
at Nigeria, look at the Congo.": Tuesday 6 December 2005:
READ
ShellNews.net:
"Geriatric"
Jacobs: A Shell
insider comments on an FT article about Aad Jacobs, the Chairman of Royal
Dutch Shell plc.: “I find it incredible that big companies hang on to these
geriatrics.”: “…the salmon was getting cold so he could not spend
more time on this minor issue of bad reserves reporting. He had done what a
chairman of the supervisory board had to do and continued with his lunch.”:
December:
READ
New Europe
(Greece): Shell interested in Kyoto protocol projects in Russia: Tuesday 6
December 2005: READ
MehrNews.com (Iran): Shell, Repsol to develop SP phases 13, 13A: “Akbar
Torkan, the managing director of Pars Oil and Gas Company said on Tuesday
that Iran signed the contract with the Royal Dutch Shell Company and Italian
Repsol on developing the downstream section of phases 13 and 13A of the
South Pars (SP) gas field.”: Tuesday 6 December 2005:
READ
Western People (Ireland): Shell
hopes to gain access to Corrib site today: Tuesday 6 December 2005:
READ
The Mayo News Online (Ireland): Shell to
Sea re-affirms absolute commitment to protecting environment: “The breakdown
in communication and confidence which has resulted has added to local
anxieties regarding Shell’s activities,” the statement read.”: Tuesday 6
December 2005: READ
Lloyds List: Early oil
flows from Russia's largest upstream projects in Sakhalin: Ian Craig, chief
executive of Sakhalin Energy Investment, explained why the budget increased
to $20bn.: Tuesday December 06, 2005:
READ
Irish Times: Opponents say gas report altered: “Micheal O Seighin, one of
the five Rossport residents imprisoned for three months due to their
opposition to the high pressure pipeline, told The Irish Times that the
terms of reference for the Advantica study were too narrow and he expected
that it would give the project a clean bill of health, with perhaps minor
modifications.”: Tuesday December 06, 2005:
READ
Daily Telegraph: Not much point in detail if you can shift boundaries: “With
petrol prices still 20p a litre above the price two years ago, the oil
companies are the easiest hit. Still, a doubling in the tax on North Sea oil
production is a £6.5 billion raid over three years and a swingeing blow only
three years after the last grab in 2002. Brown is banking on no one shedding
a tear for a sector where the two biggest companies, Shell and BP, made
almost as much in just three months.”: Tuesday 6 December 2005:
READ
Asia
Pulse: WOODSIDE SAYS NORTH ASIAN CUSTOMERS KEEN ON W. AUSTRALIAN GAS:
“Woodside also announced today that Tim Warren would retire as the Shell
nominated director on its board, to be replaced by Russell Caplan. Mr Caplan
is currently a senior vice president on Shell's global downstream leadership
team based in London. Shell holds a 34.27 per cent stake in Woodside.”:
Tuesday December 06, 2005:
READ
Financial Times: Brown in raid on oil industry: “Gordon Brown on Monday
imposed a £3bn-a-year tax increase on oil company profits from North Sea oil
fields…”: Tuesday 6 December 2005:
READ
Daily
Telegraph: Ofgem turns up heat on suppliers: “Ofgem has effectively cleared
BP, Shell and other North Sea operators of profiteering by witholding gas
supplies.”: Tuesday 6 December 2005:
READ
Lloyds
List: World Bank agrees loan to help Gabon manage its oil: Country
struggling to make the most of its natural resources set to receive $15m
boost, writes Bruce McMichael: “Of the oil majors, Shell and Total have the
greatest presence in the country, with Shell operating the largest field at
Rabi-Kounga.”: Tuesday December 06, 2005:
READ
Lloyds
List: Oil majors look to generic FPSO vessels for deepwater fields:
“ExxonMobil, Shell and Brazilian state oil firm Petrobras are thought to be
in the hunt for generic-designed production ships and are likely to award
multi-ship contracts early next year.”: Tuesday December 06, 2005:
READ
Oil &
Gas Journal: Shell aims to expand activity in Malaysia: "Shell Malaysia's
Chairman, Datuk Jon Chadwick, says the company is looking for more upstream
E&P, reported the Malaysia Star." Posted Tuesday 6 December 2005:
READ
THE
WALL STREET JOURNAL: Angola Possesses A Prize as Exxon, Rivals Stalk Oil:
Monday 5 December 2005:
READ
THE
WALL STREET JOURNAL: Osaka Gas Nears Deal to Buy Chevron Venture's Natural
Gas: MONDAY 5 DECEMBER 2005:
READ
AFX
Europe (Focus): Shell Malaysia expects active investment in
exploration/production – report: “Shell Malaysia is seeking more exploration
and production (E&P) projects as well as profitable downstream
opportunities, the Star newspaper reported, quoting the company's chairman
Jon Chadwick.”: Monday December 2005:
READ
New York Times:
With Oil Prices Off Their Peak, Are Supplies Assured?: "John Hofmeister,
head of the Shell Oil Company in the United States, said in an interview,
"This high price cycle is artificially inflated.": Monday 5 December 2005:
READ
Financial Times: Investor confrontation 'shocks' VNU chief: “Aad Jacobs, the
69-year-old VNU chairman whose illustrious career spans posts at Royal Dutch
Shell and ING, was reportedly "shocked" to be confronted by investors barely
half his age calling the shots over company strategy, recalls one Dutch
chief executive: "It is not how he is used to being treated.": Monday 5
December 2005:
READ
Financial Times: Oil industry braced for
new tax in pre-Budget report:
“The likelihood of Mr Brown taking such action intensified in the autumn
after Shell reported a 68 per cent increase in third-quarter profits and BP
a 27 per cent rise on the back of surging oil prices. Together, the
companies reported third-quarter returns of close to £6bn.”: Monday 5
December 2005: READ
ShellNews.net: An Open Letter to Jean Lemierre,
President, European Bank for Reconstruction and Development, regarding
Shell's Sakhalin II loan application: "Perhaps if more time had been spent
on project management rather than ego and status driven pursuits and
personal enrichment by Shell senior management, Shell would not be in the
almost perpetual state of crisis which its stakeholders have witnessed in
recent years.": Sunday 4 December 2005: 00.15am EST
READ
Financial Mail on Sunday: “…RIDING ROUGHSHOD OVER SMALL INVESTORS”: “The
issue first came to prominence this year when Shell merged its Dutch and
British arms, leaving thousands of individuals with capital gains tax bills
often as high as a third of the value of their shares. Shell was persuaded
to rethink, but not before 3,000 had sold out and handed much of their
windfall to the Exchequer. Such thoughtlessness is…”: 4 December 2005:
READ
The
Sunday Business Post (Ireland): Unsuccessful Shell bidder demands re-run of
bid process: “Mandraki wants Shell to either re-run the bid process, or to
pay it €1.5 million for wasted bid costs, as well as a ‘further significant
sum’ in compensation. It said it would take legal action if Shell did not
agree to re-run the process or pay the compensation.”: Sunday 04 December
2005: READ
The
Times: Need to Know: "Royal Dutch Shell and BP have signed agreements with
Venezuela that govern the transition from existing operating deals to new
joint ventures with the state-owned Petróleos de Venezuela.": Saturday 3
December 2005: READ
THE
WALL STREET JOURNAL: Australia, East Timor reach gas agreement: "The future
of the Sunrise gas project remains dependent on several factors, including
the fiscal regime under which it would operate, the cost and location of any
development, and the successful marketing of the resource," Woodside said.:
Posted Saturday 3 December 2005:
READ
Oil
& Gas Journal: Shell to explore deep targets in Ukraine: “Ukraine's national
oil company Naftogaz Ukrainy and Shell Exploration & Production Co. signed a
cooperation agreement covering deep exploration in the Dniepr-Donets
basin.”: Posted Saturday 3 December 2005:
READ
The
Bakersfield Californian: Shell Oil of Bakersfield, Calif., Faces $16,500 in
Fines: “When reached Thursday afternoon, Shell spokesman Stan Mays said he
was unaware of the violation or fine.”: Saturday 3 December 2005:
READ
CBS5
(San Francisco): MARTINEZ REACHES SETTLEMENT IN 1997 OIL SPILL LAWSUIT:
“Representatives for Texaco and Shell were not immediately available for
comment”: Posted Saturday 3 December 2005:
READ
Dow Jones
Newswires: Sakhalin Shows Environment Grps' Influence Up In Russia: “With
his staff leaving en masse to work for a Royal Dutch Shell PLC led oil and
gas project, the head of Sakhalin's environmental regulator, Serguei
Kotelnikov, hardly seems to pose a threat to the world's third-largest
listed company by market value.”: Posted Saturday 3 December 2005:
READ
Environmental Data Interactive, UK: Bank urged to reject Shell plan for
Sakhalin (2 December 2005): "The
management of the EBRD, which met this week, is thought to have postponed
any decision on the project until the end of the year, with the board and
staff of the bank reportedly divided on the matter.": WWF say the
project "makes a mockery" of the Equator Principles. ": Friday 2 December
2005:
READ
Daily Telegraph: Big tax bill looms for BPB investors:
“The news comes after thousands of
British holders in Royal Dutch Petroleum were left with a similarly large
tax bill after Shell restructured into one company this summer.”:
“Angela Knight, Apcims' chief executive, said: "The private investor is
continually on the wrong side of these deals.”: Friday 2 December 2005:
READ
Daily Telegraph: What BPB shareholders should do to earn respect:
“You couldn't make it up. For months
concerns have been raised here about British shareholders in Royal Dutch
Petroleum being saddled with a multi-million pound tax bill because of
Shell's corporate restructuring. Now another company is at it.”:
Friday 2 December 2005:
READ
Forbes/AFX News Limited: Shell, BP deepen links with Venezuela's PDVSA: “In
mid-August, the authorities briefly shut down Shell's offices for 48 hours
as tensions over the law mounted.”: “Under the accords signed yesterday,
relating to the 2001 law, PDVSA will now have a controling stake of at least
51 pct in any ventures between the state-owned group and Shell and BP.”:
Friday 2 December 2005:
READ
Financial Times: Canberra settles E Timor oil row: “…companies involved in
the project include Royal Dutch Shell and Japan's Osaka Gas.”: Friday 2
December 2005: READ
The
Times: Need to Know: "Royal Dutch Shell, the Anglo-Dutch oil giant, is to
spend $100 million (£58 million) as part of an exploration joint venture in
Ukraine with Naftogaz Ukrainy, the state-run group.": Friday 2 December
2005: READ
Financial
Times: Probe urged into oil meetings:
“The top ranking Democrat in the US Senate yesterday called for an
investigation into whether senior oil executives lied in testimony before
Congress about meetings they held with Dick Cheney, vice-president, to
discuss energy policy.”: Friday 2 December 2005:
READ
The New York
Times: Senate Democrats Demand Investigation of Oil Execs:
``I find it deeply disturbing that
energy company CEOs may have made false statements before Congress about their
involvement in the secretive Cheney energy task force,'' Reid said in a
statement.": "Shell Oil Co. President John Hofmeister said in a written response
the company did not participate in the task force. ''However, Shell
representatives did meet with the administration -- including the Vice President
and his staff -- on a broad range of energy policy issues,'' the executive
said.": Posted Friday 2 December 2005:
READ
India Inforline News: Shell brings Scenarios to India: "The new Global
Scenarios to 2025 bring clarity and simplicity on matters of high
complexity" he added, quoting Shell CEO, Jeroen van der Veer.": Posted
Friday 2 December 2005:
READ
Lloyds List:
Audit demanded on
Sakhalin costs: Rising
expense of Shell project alarms Russian authorities, writes Martyn
Wingrove: RUSSIAN authorities worried about delays to tax revenues have ordered
an audit on the rising costs of Shell's Sakhalin II project.”: 'The
Russian President Vladimir Putin is quite opposed to plans on the part of the
Sakhalin II operator to make a substantial increase in the costs of the project.”:
Friday Dec 02, 2005: READ
International
Herald Tribune: Shell's Sakhalin oil project should be reined in: “It also shows
that Shell has clearly chosen profits over its own proclaimed principles...":
THURSDAY, DECEMBER 1, 2005:
READ
BLOOMBERG: BP to
Expand at Russian Sakhalin to Revive Oil Growth (Update2): “Sakhalin
island has an estimated 45 billion barrels of oil and gas reserves, according to
Ian Craig, chief executive at Sakhalin Energy Investment Co., operator of the
Shell-led Sakhalin-2 project.”: Posted Friday 2 December 2005:
READ
Kenya
Broadcasting Corporation: KENOL acquires Shell Rwanda: "Kenya Oil Company (KENOL)
will assume control of Shell Rwanda following the signing of an agreement to
acquire 100% stake in the company.": Friday 2 December 2005:
READ
Forbes/AFX
News Limited: Shell, Naftogaz sign gas exploration pact in Ukraine: "This marks
Shell's first upstream business in Ukraine.": Thursday 1 December 2005:
READ
Seattle
Post-Intelligencer: BP, Shell to form joint ventures with co.: BP PLC and Royal
Dutch Shell PLC have agreed to form joint ventures with Venezuela's state oil
company, replacing old contracts under which they pumped crude independently,
Venezuela's oil minister said Thursday.: December 1, 2005:
READ
The New York
Times: Oil Executives Deny Misleading Congress: "John Hofmeister, chairman of
Shell Oil Co., said Shell representatives did not meet with the task force but
added, ''Shell representatives did meet with the administration -- including the
vice president and his staff -- on a broad range of energy policy issues.'':
Posted Thursday 1 Dec 05:
READ
Dow Jones
Newswires: Russia Concerned By Shell Sakhalin Cost-Local Official -3 Close: “The
Russian government is seriously concerned by rising costs at the Sakhalin 2
energy project, managed by Royal Dutch Shell PLC…”: “The project is facing
estimated costs of $20 billion, double the original $10 billion projection. The
Russian government has a say in any budget revision as part of the
production-sharing agreement it signed with the project's partners.”: Posted
Thursday 1 December 2005:
READ
The Times: Need
to Know: "Royal Dutch Shell, the Anglo-Dutch oil giant, said that it did not
expect the Russian Government to decide before June next year whether to allow
the partners in the giant Sakhalin-2 gas and oil project to reclaim an extra $10
billion (£5.8 billion) in costs from project revenues.": Thursday 1 December
2005: READ
Financial Times: Shell puts in a dismal performance after downgrade on European
oils: Thursday 1 December 2005:
READ
Lloyds
List: Sakhalin II seeks six ships to cover exports: “The Shell-led consortium
needs two more LNG carriers to transport the hydrocarbon product from its $20bn
Sakhalin project to US regasification facilities from 2008.”: Thursday Dec 01,
2005: READ
Western
People: Shell dismisses pipeline report: “The Managing Director of Shell E & P,
Mr Andy Pyle has dismissed the report launched last week on the Corrib project
by the Centre for Public Inquiry as “speculative and emotive and based on a
limited amount of technical information”.: Posted Thursday 1 December 2005:
READ
Forbes/AFX
News Limited: Royal Dutch Shell sells Cameroon downstream ops to Chevron for
undisclosed sum: Posted 1 December 2005:
READ
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